Speedway Motorsports to redeem 5¾% convertibles

New York, March 19 - Speedway Motorsports, Inc. said its is calling all its 5¾% convertible subordinated debentures due 2003.

The Concord, N.C. motor sports entertainment company has $74 million of the securities outstanding.

Speedway will redeem the convertibles on April 19 at a price of 101.64 plus accrued interest.

Holders can convert their debentures up to the close of business on April 16 at a price of $31.11. Speedway stock closed at $26.21 on Tuesday.

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